Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Hallmark Considers Options for New Zealand Business

Hallmark Considers Options for New Zealand Business

Iconic brand, Hallmark – the world’s largest greeting card company – is looking to partner with a local New Zealand business to distribute its cards and products nationally.

Hallmark currently operates a fully integrated business model in New Zealand. However, Hallmark International CEO, Russell Parker said local market factors and the ongoing need to contain costs while maintaining a high level of support for customers meant it needed to assess alternatives to continue a robust business into the future.

“Since it was founded more than 100 years ago, Hallmark has moved with the times, continually reviewing and reshaping its business. In a particularly small market like New Zealand, a partnership may provide a sustainable proposition for Hallmark while also delivering increased scale for a Kiwi distribution business and, importantly, continued quality local service for our customers.

“However, this is not an easy decision and our New Zealand team is our first priority. We are currently consulting with our staff about possible moves. They are aware that we are exploring the possibility of partnering with an established New Zealand distributor.

“We are hoping that any final decision will provide some opportunities for staff to transfer their employment to a distributorship as many of them can offer extensive experience in the industry. However, we are being completely open that this cannot be guaranteed.

“Throughout the consultation period, we are supporting our staff with an Employee Assistance Programme that provides an opportunity to talk through their concerns and receive counselling,” Mr Parker said.

Mr Parker said a decision regarding the future of Hallmark in New Zealand would be made following consultation with staff in about two to three weeks and that staff would be informed first.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Fruit & Veg Crackdown: Auckland Fruit Fly Find Under Investigation

The Ministry for Primary Industries (MPI) is investigating a find of a single male Queensland fruit fly in a surveillance trap in the Auckland suburb of Grey Lynn... MPI has placed legal controls on the movement of fruit and some vegetables outside of a defined circular area which extends 1.5km from where the fly was trapped in Grey Lynn. More>>

ALSO:

Scoop Business: Westpac NZ Reaches $2.97M Swaps Settlement

Westpac Banking Corp’s New Zealand unit has agreed to pay $2.97 million in a settlement with the Commerce Commission over the way the bank sold interest rate swaps to farmers between 2005 and 2012. More>>

ALSO:

Going Dutch: Fonterra Kicks Off $144M Partnership With Dutch Cheese Maker

Fonterra Co-operative Group, the world’s largest dairy exporter, has commissioned a new dairy ingredients plant in Heerenveen, in the north of the Netherlands, its first wholly-owned and operated ingredients plant in Europe. More>>

ALSO:

Scoop Business: NZ Retail Sales Beat Estimates

New Zealand retail sales rose more than expected in the fourth quarter, led by vehicle-related transactions, food and beverages, adding to evidence that cheap credit and a growing jobs market are encouraging consumers to spend. More>>

ALSO:

Delivery Cuts Go Ahead: 'Government Money Grab' From NZ Post

"It's a money grab by the Government as the shareholder of New Zealand Post" says Postal Workers Union advocate Graeme Clarke about the changes announced by NZ Post. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news